Janney Montgomery Scott LLC Buys 5,004 Shares of Copa Holdings, S.A. $CPA

Janney Montgomery Scott LLC increased its stake in shares of Copa Holdings, S.A. (NYSE:CPA) by 6.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 87,155 shares of the transportation company’s stock after purchasing an additional 5,004 shares during the period. Janney Montgomery Scott LLC owned approximately 0.21% of Copa worth $9,902,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CPA. Goldman Sachs Group Inc. boosted its holdings in Copa by 56.1% during the first quarter. Goldman Sachs Group Inc. now owns 340,554 shares of the transportation company’s stock worth $31,488,000 after buying an additional 122,413 shares during the last quarter. Invesco Ltd. increased its stake in shares of Copa by 585.6% in the 2nd quarter. Invesco Ltd. now owns 94,361 shares of the transportation company’s stock valued at $10,377,000 after acquiring an additional 80,598 shares during the last quarter. Qube Research & Technologies Ltd acquired a new stake in shares of Copa in the 2nd quarter valued at approximately $435,000. NewEdge Advisors LLC acquired a new stake in shares of Copa in the 2nd quarter valued at approximately $1,419,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Copa during the 2nd quarter worth approximately $12,875,000. Institutional investors own 70.09% of the company’s stock.

Copa Price Performance

CPA stock opened at $152.86 on Friday. The stock has a 50-day moving average price of $135.40 and a two-hundred day moving average price of $130.48. Copa Holdings, S.A. has a 1 year low of $106.56 and a 1 year high of $160.46. The stock has a market cap of $6.29 billion, a PE ratio of 8.91, a price-to-earnings-growth ratio of 1.16 and a beta of 1.00. The company has a current ratio of 1.16, a quick ratio of 1.06 and a debt-to-equity ratio of 0.66.

Copa (NYSE:CPA) last posted its quarterly earnings data on Wednesday, May 13th. The transportation company reported $5.16 earnings per share for the quarter, topping the consensus estimate of $4.43 by $0.73. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Copa had a return on equity of 26.01% and a net margin of 18.76%.Copa’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.28 earnings per share. Equities analysts forecast that Copa Holdings, S.A. will post 15.96 EPS for the current fiscal year.

Copa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a dividend of $1.71 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $6.84 dividend on an annualized basis and a yield of 4.5%. Copa’s dividend payout ratio is 39.88%.

Analyst Upgrades and Downgrades

CPA has been the subject of a number of analyst reports. Citigroup decreased their price objective on shares of Copa from $155.00 to $140.00 and set a “buy” rating for the company in a report on Tuesday, March 17th. Barclays cut their target price on shares of Copa from $185.00 to $165.00 and set an “overweight” rating on the stock in a report on Tuesday, March 24th. JPMorgan Chase & Co. lifted their price target on shares of Copa from $165.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. Bank of America lowered their price objective on shares of Copa from $212.00 to $171.00 and set a “buy” rating for the company in a research report on Wednesday, March 18th. Finally, Jefferies Financial Group assumed coverage on Copa in a research note on Thursday, June 18th. They set a “buy” rating and a $185.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Copa has an average rating of “Buy” and an average price target of $168.91.

Copa Company Profile

Copa Holdings, SA (NYSE:CPA) is a Panama‐based aviation holding company that provides passenger and cargo air transportation across the Americas and the Caribbean. Through its principal subsidiary, Copa Airlines, the company operates a modern fleet of Boeing 737 aircraft, offering scheduled flights that connect passengers through its Tocumen International Airport hub in Panama City. The company also offers dedicated cargo services under the Copa Cargo brand, leveraging belly hold capacity on its passenger flights to transport freight throughout its network.

The roots of Copa Holdings trace back to 1947, when Compañía Panameña de Aviación began operations as the flag carrier of Panama.